Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 5,749 shares, an increase of 186.6% from the September 30th total of 2,006 shares. Based on an average trading volume of 62,876 shares, the days-to-cover ratio is currently 0.1 days.
Sandfire Resources America Price Performance
Sandfire Resources America stock opened at $0.15 on Friday. Sandfire Resources America has a twelve month low of $0.09 and a twelve month high of $0.32. The firm has a 50 day moving average price of $0.17 and a 200-day moving average price of $0.18.
About Sandfire Resources America
Sandfire Resources America Inc is a mineral exploration and development company focused on copper projects in the United States. The company is a subsidiary of Sandfire Resources Limited, an Australia-based mining company, and its activities are centered on evaluating and advancing copper assets rather than operating a broad portfolio of producing mines.
The company’s principal project is the Black Butte Copper Project in central Montana, near White Sulphur Springs. The project is designed as an underground copper mine and includes the Johnny Lee copper deposit.
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